I have a lot of trades to report the results of, but I want to start by welcoming the new subscribers. Please understand Main Street beats Wall Street is not a “get rich quick” scheme. All traders slip up once in a while, but for the most part I’m very careful. Because of my high school basketball coaching I didn’t make my first trade of 2019 until the first week of March. Without making trades in January and February I still managed to have a return of 101% for 2019. The DOW, NASDAQ and S&P were up between 25% and 35% for a great year. But 101%? That’s the power of options. And the funny thing is I think I could have done better.
Study, stay discipled, adapt to a “slow and steady, steady and slow” philosophy, do not buy short term options, stick to a well though out plan, and send me an email with any question you have. Just to mention a few helpful hints on how to be successful as an options trader. There’s a lot of money to be made and I’m here for you.
This week I had a great week but to took a lot of trades. However, with the new commission free trades I have no problem nickel and dime’ing the market to death; what ever it takes!
There’s a lot of trades so I’ll say a little something but I’ll include a link to the trade exit so you can read about the trade if you desire.
DISH
9/16/19 – Buy to Open 4 DISH 6/19/20 $35.00 C @ $6.30 ($2520)
2/11/20 – Sell to Open 4 DISH 6/19/20 $35.00 C @ $6.40 ($2560)
Profit +40
I’ve been in DISH for a while and it’s a long story. I am now completely out. You can read about it here.
Started worrying about the coronavirus’ effect on Apple. It’s a high priced stock so I decided to free up the cash. With the virus still very much a problem I don’t see Apple moving very much higher until a vaccine. Apple is a great stock but I’ll put the money somewhere else. I’m still in Apple with the position in my Pillar of Strength Portfolio.
Apple
1/21/20 – Buy 100 Shares AAPL @ $317.50
2/13/20 – Sell 100 Shares AAPL @ $325.08
Profit +$758
Jabil (JBL) is lower from where I bought. I just grabbed a few dollars by selling a Call with a Strike Price where I bought the stock. The stock is lower from where I bought so the Premium was low.
Jabil
2/3/20 – Sell to Open 10 JBL 2/14/20 $42.00 C @ 20¢ (+$200)
2/14/20 – Expired 10 JBL 2/14/20 $42.00 C
Profit +$200
This was a Covered Call. The stock dropped a little so I wasn’t assigned. I keep the premium and I keep the stock. Hopefully I’ll get another Call sold this week.
Gilead Sciences
2/10/20 – Sell to Open 4 GILD 2/14/20 $69.00 C @ 1.25 (+$500)
2/14/20 – Expired 4 GILD 2/14/20 $69.00 C
Profit $500
You can read about this trade here. This was a Buy-Write. I was hoping to get assigned but the stock is down a little from where I bought. I’ll get another Call sold this week.
Weight Watchers
2/10/20 – Sell to Open 10 WW 2/14/20 $37.00 C @ 95¢ (+$950)
2/14/20 – Expired 10 WW 2/14/20 $37.00 C
Profit $950
And you can read about this other Weight Watchers trade here.
Weight Watchers
2/11/20 – Sell to Open 10 WW 2/14/20 $39.50 C @ 25¢ (+$250)
2/14/20 – Expired 10 WW 2/14/20 $39.50 C
Profit +$250
This was a Micron (MU) Covered Call where I was assigned. Keep the $750 premium and I made $500 on the stock sale.
Micron
1/13/20 – Buy 1000 Shares MU @ $57.50
2/14/20 – Assigned 1000 Shares MU @ $58.00
Profit +$500
2/10/20 – Sell to Open 10 MU 2/14/20 $58.00 C @ 75¢ (+$750)
2/14/20 – Expired 10 MU 2/14/20 $58.00 C
Profit +$750
Yes there is a bunch of trades but the result was nice.
Total Weekly Gain +$3948
For the new readers, check out my results of 2020 at Trade History 2020. It’s a new year but I’m already up over 10%. That’s including 1 bad week. I hope the coronavirus doesn’t throw a monkey wrench into this market. We need a vaccine! This market would take off.
Enjoy your weekend!
Successful Trading,
Steve
The Options Coach